OGJ Newsletter

U.S. INDUSTRY SCOREBOARD 4/19 [43,791 bytes] The puzzle over how best to transport Caspian oil to market is getting more complicated, not less so (see related story, p. 29). Chechnya has reopened its section of a pipeline carrying Azeri crude across the breakaway Russian republic to an export point at Novorossiisk, Natig Aliyev, president of Azeri state oil firm Socar, said last week. Two weeks ago, Chechen authorities shut down the line, claiming Russia owes them $5 million in back tariffs on the Azeri oil transiting the country, as well as money to pay security forces guarding the line (see related story, p. 35). Due to a backlog at its storage fa...

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